This bill appropriates $5,000,000 from the bond proceeds fund to the commissioner of transportation for grants under the Transportation Economic Development Infrastructure Program, as outlined in Minnesota Statutes, section 116J.436. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the same amount to fund this appropriation, following the procedures established by relevant Minnesota statutes and the state constitution.

Additionally, the bill includes a provision stating that it will take effect the day after it is enacted. This legislative action aims to enhance transportation infrastructure and economic development within the state by providing necessary funding through state bonds.